Deal Details

Sale to Tenova, a division of Techint Group

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Summary

About

Metall Technologie Holding (“MTH” or the “Company”), a portfolio company of European Capital S.A. SICAR (“European Capital”), was recently acquired by LOI Thermprocess GmbH (“LOI”), a subsidiary of Tenova SpA (“Tenova”). Tenova is a wholly-owned company of Techint Group SpA (“Techint Group”). Terms of the transaction were not disclosed. MTH is a leading international provider of industrial heat treatment technology and aftermarket services for heat treatment equipment utilised to treat finished metal components primarily in the aerospace, heat treatment, automotive and machine tooling industries. MTH offers a complete range of customised and advanced industrial heat treatment furnaces, both vacuum and atmospheric, and provides aftermarket parts and services for an installed base of 2,500 units. The Company serves its global blue-chip customers with over 320 employees through five well established brands: Schmetz, Mahler and IVA in Germany, BMI in France and Huisen in China. MTH is headquartered in Menden, Germany. European Capital is an investment company for pan-European equity, mezzanine and senior debt investments with €1.2 billion of assets under management. European Capital is a wholly-owned affiliate of American Capital, Ltd. (“American Capital”) (NASDAQ: ACAS). European Capital is based in Paris, France and London, UK. LOI is a leading global supplier of reheating and heat treatment plants for the steel, aluminium and automobile industries. LOI has over 900 employees and manages 10 companies in Europe, China, India, the USA and other countries. LOI is headquartered in Essen, Germany. Tenova is a worldwide supplier of advanced technologies, products and services for the iron & steel and mining & minerals industries. It has 4,800 employees in 26 countries on 5 continents. Tenova is headquartered in Milan, Italy. Techint Group comprises Tenaris, Ternium, Techint E&C, Tenova, Techpetrol and Humanitas. Techint Group operates worldwide and has over 59,000 employees. Techint is headquartered in Milan, Italy.

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